Question
Current Attempt in Progress On January 1, 2022, Blue Spruce Corp. purchased 1,200 shares of treasury stock. Other information regarding Blue Spruce Corp. is provided
Current Attempt in Progress
On January 1, 2022, Blue Spruce Corp. purchased 1,200 shares of treasury stock. Other information regarding Blue Spruce Corp. is provided as follows.
2022 | 2021 | |||
---|---|---|---|---|
Net income | $220,000 | $195,000 | ||
Dividends on preferred stock | $ 35,000 | $ 35,000 | ||
Dividends on common stock | $ 26,000 | $ 22,000 | ||
Weighted-average number of common shares outstanding | 9,800 | 11,000 | ||
Common stockholders equity beginning of year | $685,000 | $603,000 | ||
Common stockholders equity end of year | $763,000 | $685,000 |
(a) Compute return on common stockholders equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.)
2022 | 2021 | |||||
---|---|---|---|---|---|---|
Return on common stockholders equity | enter return on common stockholders equity for 2022 in percentages rounded to 1 decimal place | % | enter return on common stockholders equity for 2021 in percentages rounded to 1 decimal place | % |
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